PolkaFoundry Concludes A Busy 24 Hours With Two Significant Announcements – NFTify & PinkNode

By May 1, 2021DApps
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PolkaFoundry Concludes A Busy 24 Hours With Two Significant Announcements – NFTify & PinkNode

PolkaFoundry made two significant announcements over the past 24 hours. The first announcement was the announcement that had reached an agreement with NFTify to launch their IDO on the PolkaFoundry launchpad, while the second announcing a partnership with PinkNode.

The NFTify announcement.

PolkaFoundry has announced that it has reached an agreement with NFTify to do their IDO on the PolkaFoundry Red Kite launchpad. The IDO will be part of a dual IDO announced by NFTify that will take place simultaneously on the PAID Ignition launchpad and the PolkaFoundry Red Kite Launchpad. The date and whitelisting process will be announced at a later date.

The announcement sees an allocation of $100,000 for Red Kite, with the NFTify token listed on Uniswap for a few hours after the conclusion of the IDO.

Cementing Red Kite’s Emergence As A State-Of-The-Art Launchpad

Red Kite has recently emerged as one of the most sought-after and state-of-the-art launchpads, specifically designed to improve investor participation and access in IDOs. The NFTify IDO announcement further cements its reputation as the go-to launchpad for IDOs.

Red Kite is an already in-demand launchpad with several high-profile projects in the works. To participate in the IDO, participants must hold the $PKF token. The announcement will also give a chance to $PKF holders to also participate in the upcoming IDO.

The PinkNode announcement

PolkaFoundry also announced that it has entered into a partnership with PinkNode to support the optimization and deployment of the node network of applications that run on PolkaFoundry.

PolkaFoundry and PinkNode have agreed to the following points under their partnership.

  • PinkNode will be PolkaFoundry’s key node provider, providing infrastructure support to all projects on PolkaFoundry.
  • PolkaFoundry will be able to utilize PinkNode’s secure node infrastructure as its backbone.
  • Both parties shall collaborate on node research and development initiatives that will support the PolkaFoundry platform for DeFi and NFT apps.

Thi Truong, The CEO, and Co-Founder at PolkaFoundry commented

We are inspired by the vision of the Pinknode team to be the superhighway that connects projects in the fast-growing PolkaFoundry network. We’re experiencing a phenomenal level of proactivity from day one of our collaboration, and we are excited about future NaaS developments growing out of this partnership. We are eager to see the team’s efforts and the results in the coming months.”

Streamlining Operations

The PolkaFoundry-PinkNode partnership will utilize the latter’s reliable and high throughput infrastructure, allowing for the streamlining of the onboarding process while also allowing projects to operate smoothly on the Polkadot network.

The Co-Founder of PinkNode commented on the partnership.

“PolkaFoundry team has proven themselves to be a highly effective one, launching new features and products one after another, with the most recent being the state-of-the-art launchpad, Red Kite. We foresee that PolkaFoundry will continue to play a crucial role in Polkadot’s ecosystem. We are looking forward to collaborating with PolkaFoundry to create easy-to-use and scalable infrastructure solutions for their users and the ecosystem at large.”

About PolkaFoundry

PolkaFoundry aims to become the one-stop shop for DeFi dApps. The platform has all the necessary features, integrations, and tools for developers to experiment with DeFi and provide real-world solutions.

PolkaFoundry takes advantage of the scalability and interoperability of Polkadot, integrating several DeFi-friendly services. It also provides features that make dApps easy to use, bringing dApps into the mainstream.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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